McEwen Mining Inc (NYSE: MUX) is 64.08% higher on its value in year-to-date trading and has touched a low of $5.92 and a high of $11.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MUX stock was last observed hovering at around $11.67 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $11.83, the stock is 20.84% and 46.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 1.37% at the moment leaves the stock 58.21% off its SMA200. MUX registered 25.99% gain for a year compared to 6-month gain of 79.24%. The firm has a 50-day simple moving average (SMA 50) of $3.62 and a 200-day simple moving average (SMA200) of -$8.14.
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The stock witnessed a 42.53% loss in the last 1 month and extending the period to 3 months gives it a 79.51%, and is 8.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.42% over the week and 6.27% over the month.
McEwen Mining Inc (MUX) has around 575 employees, a market worth around $561.81M and $166.23M in sales. Current P/E ratio is 11.29. Profit margin for the company is 33.27%. Distance from 52-week low is 99.83% and -0.17% from its 52-week high. The company has generated returns on investments over the last 12 months (10.19%).
McEwen Mining Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $54.02M over the same period.The EPS is expected to shrink by -126.26% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to grow 17.10% in year-over-year returns.
107 institutions hold shares in McEwen Mining Inc (MUX), with institutional investors hold 25.28% of the company’s shares. The shares outstanding are 49.44M, and float is at 39.04M with Short Float at 3.39%. Institutions hold 21.04% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 2.0 million shares valued at $14.36 million. The investor’s holdings represent 4.21% of the MUX Shares outstanding. As of Jun 29, 2023, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 1.02 million shares valued at $7.34 million to account for 2.15% of the shares outstanding. The other top investors are Df Dent & Co Inc which holds 0.58 million shares representing 1.23% and valued at over $4.21 million, while Vanguard Group Inc holds 1.20% of the shares totaling 0.57 million with a market value of $4.09 million.
McEwen Mining Inc (MUX) Insider Activity
The most recent transaction is an insider purchase by Ball Ian J, the company’s Director. SEC filings show that Ball Ian J bought 2,656 shares of the company’s common stock on Jun 23 ’23 at a price of $7.16 per share for a total of $19012.0. Following the purchase, the insider now owns 2656.0 shares.
